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Drilling Engineer Average Salary in Armenia 2021

How much money does a Drilling Engineer make in Armenia?


Average Monthly Salary
682,000 AMD
( 8,180,000 AMD yearly)

LOW
354,000
AMD
AVERAGE
682,000
AMD
HIGH
1,040,000
AMD

A person working as a Drilling Engineer in Armenia typically earns around 682,000 AMD per month. Salaries range from 354,000 AMD (lowest) to 1,040,000 AMD (highest).

This is the average monthly salary including housing, transport, and other benefits. Drilling Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Drilling Engineer Salary Distribution in Armenia

Median and salary distribution monthly Armenia Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Armenia range from 354,000 AMD per month (minimum salary) to 1,040,000 AMD per month (maximum salary).

  • Median Salary

    The median salary is 654,000 AMD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 654,000 AMD while the other half are earning more than 654,000 AMD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Drilling Engineer(s) are earning less than 454,000 AMD while 75% of them are earning more than 454,000 AMD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 815,000 AMD while 25% are earning more than 815,000 AMD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Drilling Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Armenia Drilling Engineer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Drilling Engineer salaries by experience level and this is what we found.

A Drilling Engineer with less than two years of experience makes approximately 403,000 AMD per month.

While someone with an experience level between two and five years is expected to earn 540,000 AMD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 702,000 AMD per month, 30% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Drilling Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 850,000 AMD per month, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 929,000 AMD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 978,000 AMD per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Armenia

0 - 2 Years
403,000 AMD
2 - 5 Years+34%
540,000 AMD
5 - 10 Years+30%
702,000 AMD
10 - 15 Years+21%
850,000 AMD
15 - 20 Years+9%
929,000 AMD
20+ Years+5%
978,000 AMD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Drilling Engineer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Drilling Engineer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Armenia Drilling Engineer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Drilling Engineer salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Drilling Engineer is 478,000 AMD per month.

While someone with a Bachelor's Degree gets a salary of 726,000 AMD per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 1,030,000 AMD per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Armenia

Certificate or Diploma
478,000 AMD
Bachelor's Degree+52%
726,000 AMD
Master's Degree+42%
1,030,000 AMD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Armenia costs anywhere from 3,880,000 Armenian Dram(s) to 11,600,000 Armenian Dram(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Drilling Engineer Salary Comparison By Gender

Salary comparison by gender monthly Armenia Drilling Engineer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Drilling Engineer employees in Armenia earn 9% more than their female counterparts on average.

Male
715,000 AMD
Female-8%
658,000 AMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Armenia for all Careers

Salary comparison by gender monthly Armenia
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Drilling Engineer Average Annual Salary Increment Percentage in Armenia

How much are annual salary increments in Armenia for Drilling Engineer(s)? How often do employees get salary raises?

Drilling Engineer

Drilling Engineer(s) in Armenia are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Armenia Drilling Engineer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Armenia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Armenia is 2%.

Annual Increment Rate By Industry 2020

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Armenia for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Armenia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Armenia Drilling Engineer
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A Drilling Engineer is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Drilling Engineer Average Hourly Wage in Armenia


3,930 AMD per hour

The average hourly wage (pay per hour) in Armenia is 3,930 AMD. This means that the average Drilling Engineer in Armenia earns approximately 3,930 AMD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Drilling Engineer VS Other Jobs

Salary Comparison Between Drilling Engineer and Engineering monthly Armenia
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The average salary for Drilling Engineer is 4% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acoustics Engineer677,000 AMD-1%
Assembly Engineering Technician564,000 AMD-17%
Assistant Chief Engineer827,000 AMD+21%
Associate Engineer643,000 AMD-6%
Autocad Operator459,000 AMD-33%
Automation Engineer772,000 AMD+13%
Avionic System Support Engineer656,000 AMD-4%
Biochemical Engineer654,000 AMD-4%
BMS Engineer679,000 AMD-0%
Bridge and Lock Tender376,000 AMD-45%
Broadcast Engineer685,000 AMD+0%
CAD Design Engineer703,000 AMD+3%
CAD Designer431,000 AMD-37%
CAE Engineer706,000 AMD+4%
Ceramics Engineer619,000 AMD-9%
Civil Engineer707,000 AMD+4%
Commissioning Engineer671,000 AMD-2%
Communications Engineer764,000 AMD+12%
Condition Monitoring Engineer639,000 AMD-6%
Contract Associate Engineer666,000 AMD-2%
Control Systems Engineer704,000 AMD+3%
Controls Engineer713,000 AMD+5%
Controls Software Engineer638,000 AMD-6%
Corrosion Engineer669,000 AMD-2%
Design Engineer709,000 AMD+4%
Drafter453,000 AMD-34%
Drafting Manager841,000 AMD+23%
Drilling Engineer682,000 AMD+0%
Electrical Draughtsman374,000 AMD-45%
Electrical Engineer779,000 AMD+14%
Electrical Engineering Manager1,030,000 AMD+51%
Electromechanical Engineering Technologist732,000 AMD+7%
Electromechanical Equipment Assembler361,000 AMD-47%
Energy Engineer749,000 AMD+10%
Engine Assembler322,000 AMD-53%
Engineer766,000 AMD+12%
Engineering Account Manager787,000 AMD+15%
Engineering Chief Designer767,000 AMD+13%
Engineering Consultant995,000 AMD+46%
Engineering Key Account Manager1,040,000 AMD+53%
Engineering Lab Technician653,000 AMD-4%
Engineering Planning Manager948,000 AMD+39%
Engineering Production Manager1,320,000 AMD+94%
Engineering Project Analyst832,000 AMD+22%
Engineering Project Coordinator 862,000 AMD+26%
Engineering Project Director1,490,000 AMD+120%
Engineering Project Manager994,000 AMD+46%
Engineering Research and Development Manager1,160,000 AMD+70%
Engineering Safety Coordinator540,000 AMD-21%
Engineering Sales Manager948,000 AMD+39%
Engineering Technician551,000 AMD-19%
Engineering Technologist542,000 AMD-20%
Environmental Engineer718,000 AMD+5%
Equipment Engineer676,000 AMD-1%
Equipment Engineering Manager893,000 AMD+31%
Estimator606,000 AMD-11%
Fabrication Specialist482,000 AMD-29%
Fabricator314,000 AMD-54%
Facade Engineer663,000 AMD-3%
Fiber Analyst404,000 AMD-41%
Field Engineer712,000 AMD+4%
Field Engineering Manager1,170,000 AMD+72%
Fire Engineer689,000 AMD+1%
Fitter and Turner223,000 AMD-67%
Forestry Strategic Planner806,000 AMD+18%
Generation Engineer724,000 AMD+6%
Genetic Engineer757,000 AMD+11%
Geological Engineer729,000 AMD+7%
Geotechnical Engineer746,000 AMD+9%
Heavy Equipment Mechanic363,000 AMD-47%
Highway Engineer707,000 AMD+4%
HSE Professional642,000 AMD-6%
HVAC Engineer763,000 AMD+12%
HVAC Supervisor637,000 AMD-7%
Industrial Engineer698,000 AMD+2%
Industrial Engineering Technologist708,000 AMD+4%
Instrument Engineer702,000 AMD+3%
Instrumentation and Control Engineer720,000 AMD+6%
Instrumentation Engineer671,000 AMD-2%
Instrumentation Manager735,000 AMD+8%
Irrigation Engineer711,000 AMD+4%
Licensed Aircraft Engineer756,000 AMD+11%
Locomotive Engineer681,000 AMD-0%
Maintenance Engineer694,000 AMD+2%
Maintenance Fitter249,000 AMD-63%
Maintenance Manager741,000 AMD+9%
Manufacturing Engineer652,000 AMD-4%
Marine Engineer688,000 AMD+1%
Materials Engineer679,000 AMD-0%
Materials Researcher648,000 AMD-5%
Materials Technician498,000 AMD-27%
Mechanical and Electrical Engineer725,000 AMD+6%
Mechanical Design Engineer782,000 AMD+15%
Mechanical Designer640,000 AMD-6%
Mechanical Engineer745,000 AMD+9%
Mechanical Engineering Manager993,000 AMD+46%
Mechanical Inspector679,000 AMD-0%
Mechatronics Engineer759,000 AMD+11%
Mining Engineer726,000 AMD+6%
Oil and Petrochemical Engineer789,000 AMD+16%
Optical Engineer689,000 AMD+1%
Optical Instrument Assembler363,000 AMD-47%
PCB Assembler259,000 AMD-62%
Photonics Engineer785,000 AMD+15%
Photonics Technician647,000 AMD-5%
Pipeline Engineer636,000 AMD-7%
Piping Designer381,000 AMD-44%
Piping Engineer650,000 AMD-5%
Planning Engineer697,000 AMD+2%
Pressure Vessel Inspector330,000 AMD-52%
Principal Cost Engineer711,000 AMD+4%
Principal Engineer720,000 AMD+6%
Principal Support Engineer728,000 AMD+7%
Process Engineer723,000 AMD+6%
Process Operator428,000 AMD-37%
Product Development Engineer768,000 AMD+13%
Product Development Technician509,000 AMD-25%
Product Engineer703,000 AMD+3%
Product Safety Engineer653,000 AMD-4%
Production Engineer685,000 AMD+0%
Project Engineer722,000 AMD+6%
Proposal Manager879,000 AMD+29%
Purchasing Engineer680,000 AMD-0%
Quality Assurance Engineer684,000 AMD+0%
Rail Engineer703,000 AMD+3%
Robotics Engineer786,000 AMD+15%
Robotics Technician575,000 AMD-16%
Safety Engineer705,000 AMD+3%
Safety Inspector537,000 AMD-21%
Safety Manager807,000 AMD+18%
Safety Officer372,000 AMD-45%
Sales Engineer758,000 AMD+11%
Scheduling Engineer652,000 AMD-4%
Service Engineer772,000 AMD+13%
Solar Engineer768,000 AMD+13%
Staff Engineer677,000 AMD-1%
Static Equipment Engineer682,000 AMD+0%
Stationary Engineer618,000 AMD-9%
Stress Engineer673,000 AMD-1%
Structural Analysis Engineer717,000 AMD+5%
Structural Designer620,000 AMD-9%
Structural Engineer725,000 AMD+6%
Structural Technician434,000 AMD-36%
Supply Chain Specialist668,000 AMD-2%
Surveyor548,000 AMD-20%
Technical Affairs Officer360,000 AMD-47%
Technical Assistant372,000 AMD-45%
Technical Engineer608,000 AMD-11%
Technical Support Engineer639,000 AMD-6%
Tender Engineer635,000 AMD-7%
Test Development Engineer702,000 AMD+3%
Transportation Engineer677,000 AMD-1%
Validation Engineer639,000 AMD-6%
Verification Engineer689,000 AMD+1%
Wastewater Engineer698,000 AMD+2%
Wind Energy Engineer706,000 AMD+4%
Wind Energy Operations Manager934,000 AMD+37%
Work Planner507,000 AMD-26%

Salary Comparison By City

CityAverage Salary
Yerevan815,000 AMD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Armenia earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
698,000 AMD
Public Sector+18%
822,000 AMD
Percentage increase and decrease are relative to the previous value

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